Bryan Goldberg

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Bryan Goldberg
Bryan Goldberg is CEO.png
Born (1983-06-29) June 29, 1983 (age 41)
Los Altos, California, U.S.
Alma mater Middlebury College
Occupation(s) CEO and Co-founder of Bustle
Known forFounder of Bleacher Report
Founder and CEO of Bustle
Website bustle.com , bustle.company

Bryan Goldberg (born June 29, 1983) is an American entrepreneur and the owner of Bustle Digital Group, which operates a number of media properties, including Bustle , Nylon , W Magazine and Gawker . Previously, Goldberg founded Bleacher Report, a sports news website that sold to Turner Broadcasting System in 2012 for $200 million. [1]

Contents

Bryan Goldberg is widely considered to be a polarizing figure in New York media. He has been described as the “buyer of last resort” [2] for his hard-nosed deal-making tactics, and a “media mogul” by The New Yorker . [3]

Early life

Goldberg grew up in Los Altos, California. His father was a technology executive who worked at Atari and Quantum and his mother was a homemaker. [1] He earned his undergraduate degree from Middlebury College, where he studied economics and Japanese. He briefly worked as an investment banker at Credit Suisse, and later worked as an analyst at Deloitte Consulting.

Career

Goldberg founded Bleacher Report in 2007 with David Finocchio, Alexander Freund, and David Nemetz, who were friends from middle school. Though not an engineer by training, Goldberg took on most of the technical tasks related to the sports news website. Bleacher Report quickly became a competitor to traditional sports news media such as ESPN and Sports Illustrated . It drew huge audiences with its high volume of content and slideshows. [1] The company also launched the Team Stream app and ultimately surpassed ESPN as the largest sports network for mobile and social media. [4]

In 2012 the site was acquired for $200 million by Turner Broadcasting System After the sale, Goldberg and his cofounders took all 160 employees on a trip to Las Vegas. [5]

Goldberg left Bleacher Report in 2013 to found Bustle , a women’s interest website. In preparation, he interviewed hundreds of women about what they thought was missing from traditional publications such as Glamour and Cosmopolitan . [6] While the launch was met with criticism, Bustle has grown to 31.2 million readers, nearly half being the desirable demographic of women under 34. It combines soft news with more about politics, business, and government. [7]

In April 2017, Goldberg and his company acquired Elite Daily , a millennial-focused site, from the Daily Mail and rebranded it as Bustle Digital Group. [8]

In March 2018, Goldberg purchased The Zoe Report from celebrity style icon Rachel Zoe. She subsequently became a partner in his Bustle Digital Group venture. [9]

In July 2018, Goldberg purchased the rights to Gawker at a bankruptcy auction. The popular site had previously been forced into closure after being sued by professional wrestler Hulk Hogan. Gawker’s auction was the subject of great media attention, and Goldberg’s initial refusal to state his plans for the site made him the subject of intense speculation. He subsequently announced plans to relaunch Gawker in early 2019, but later paused the project. [10]

In November 2018, Goldberg purchased Mic.com for a reported price of under $10 million [11] —a sharp discount from the nearly $100 million that the company had been worth only a year prior. Goldberg cited his desire to expand Bustle Digital Group further into News and Politics, a move that was criticized by the Mic Union after widespread corporate layoffs. [12]

In July 2019, Goldberg acquired Nylon , an alternative fashion and music publication with a focus in experiential marketing. Though the magazine had previously exited print, Goldberg promised to resume publishing the magazine. [13]

In August 2020, Goldberg pushed further into fashion by partnering with celebrities Karlie Kloss, Kaia Gerber, and Lewis Hamilton to acquire W Magazine . The luxury fashion magazine had previously been part of Conde Nast. [14]

To date, the company has raised $80 million in venture capital funding and has been valued at just over $200 million. [7]

Napoleon's hat

Bryan Goldberg purchased the hat owned and worn by Emperor Napoleon Bonaparte at a Sotheby’s auction in November, 2021 for a price of $1,400,000. [15] He told the New York Post that “I can’t believe the price I got” on the historical object given its rarity and good condition. Previously, the hat had been owned by Scottish nobles descended from Sir Michael Shaw-Stewart, who purchased the hat in 1814 and was acquainted with Bonaparte’s family. [16]

Goldberg said that he intends to lend the hat to a museum, but also plans to wear it at formal occasions and possibly at his wedding. [17]

Related Research Articles

<i>The Atlantic</i> Magazine and multi-platform publisher

The Atlantic is an American magazine and multi-platform publisher. It features articles on politics, foreign affairs, business and the economy, culture and the arts, technology, and science.

<i>Nylon</i> (magazine) American fashion magazine

Nylon is an American multimedia brand, publishing company, and lifestyle magazine that focuses on pop culture and fashion. Its coverage includes art, beauty, music, design, celebrities, technology and travel. Originally a print publication, it switched to an all digital format in 2017. Its name references New York and London, and it is currently owned by Bustle Digital Group. The magazine will return to print in 2024.

Gawker was an American blog founded by Nick Denton and Elizabeth Spiers that was based in New York City and focused on celebrities and the media industry. According to SimilarWeb, the site had over 23 million visits per month in 2015. Founded in 2002, Gawker was the flagship blog for Denton's Gawker Media. Gawker Media also managed other blogs such as Jezebel, io9, Deadspin and Kotaku.

<span class="mw-page-title-main">Gawker Media</span> Former British-American online media company and blog network

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Kotaku is a video game website and blog that was originally launched in 2004 as part of the Gawker Media network. Notable former contributors to the site include Luke Smith, Cecilia D'Anastasio, Tim Rogers, and Jason Schreier.

<i>Gizmodo</i> Design, technology, science, and science fiction website and blog

Gizmodo is a design, technology, science, and science fiction website. It was originally launched as part of the Gawker Media network run by Nick Denton, and runs on the Kinja platform. Gizmodo also includes the sub-blogs io9 and Earther, which focus on pop-culture and environmentalism, respectively.

<i>Consumerist</i> Non-profit consumer affairs website

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Jezebel is a US-based website featuring news and cultural commentary geared towards women. It was launched in 2007 by Gawker Media under the editorship of Anna Holmes as a feminist counterpoint to traditional women's magazines.

Bleacher Report is a website that focuses on sport and sports culture. Its headquarters are in San Francisco, with offices in New York City and London.


Crosslink Capital is a venture capital firm with an asset management business that continues into the public equity market for fast-growing companies. Crosslink Capital has over $3.0 billion in assets under management that it invests in consumer and enterprise businesses.

<span class="mw-page-title-main">Mic (media company)</span> American internet and media company

Mic is an American internet and media company based in New York City that caters to millennials.

<span class="mw-page-title-main">Vice Media</span> American-Canadian digital media and broadcasting company

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Bustle is an online American women's magazine founded in August 2013 by Bryan Goldberg. It positions news and politics alongside articles about beauty, celebrities, and fashion trends. By September 2016, the website had 50 million monthly readers.

Elite Daily is an American online news platform founded by David Arabov, Jonathon Francis, and Gerard Adams. The site describes its target audience as millennials. In addition to general news and trending topics, the site offers feature stories and listicles covering politics, social justice, sex and dating, women's issues, and sports. Its slogan is "The Voice of Generation Y".

Inverse is an online magazine from Bustle Digital Group, covering topics such as technology, science, and culture for a millennial audience.

Gizmodo Media Group was an online media company and blog network formerly operated by Univision Communications in its Fusion Media Group division. The company was created from assets acquired from Gawker Media during its bankruptcy in 2016. In April 2019, Gizmodo and The Onion were sold to private equity firm Great Hill Partners, which combined them into a new company named G/O Media.

Cheddar Inc. is an American live streaming financial news network founded by Jon Steinberg in the United States. Cheddar broadcasts live daily from the floor of the New York Stock Exchange (NYSE), Nasdaq, the Flatiron Building in New York City, and the White House lawn and briefing room in Washington, D.C. covering new products, technologies, and services.

<span class="mw-page-title-main">The Outline (website)</span> News and culture website

The Outline was an online publication focused on "power, culture, and the future." It was founded independently by Joshua Topolsky in 2016 and later became a subsidiary of Bustle.

Dave Finocchio is an American businessman who co-founded the sports news website Bleacher Report, which is the second-largest digital sports publisher with over 45 million monthly readers. In 2012, Finocchio led the company through an acquisition by Turner Broadcasting System for approximately $175 million. He stepped away from daily operations of Bleacher Report in 2014 but returned to the company as its CEO in 2016.

G/O Media Inc. is an American media holding company that owns and operates several digital media outlets, including Kotaku, Jalopnik, The Root, The Inventory, and Quartz.

References

  1. 1 2 3 Widdicombe, Lizzie (16 September 2013). "From Mars: A young man's adventures in women's publishing". New Yorker. Retrieved 2017-09-24.
  2. ↑ Dotan, Tom. "How Bryan Goldberg Became Media's Buyer of Last Resort". The Information. Retrieved 2018-12-03.
  3. ↑ Widdicombe, Lizzie (29 October 2015). "Bustle Has a Baby". New Yorker. Archived from the original on 2024-08-27. Retrieved 2015-10-29.
  4. ↑ Shields, Mike. "'Just talk to a 24-year old,' and you'll know why ESPN is getting buried in one critical area by Bleacher Report and Barstool Sports". Business Insider. Archived from the original on 2024-08-27. Retrieved 2017-09-27.
  5. ↑ Shontell, Alyson. "A founder who sold his startup for $200 million paid for all 160 employees to party with him in Vegas". Business Insider. Archived from the original on 2024-08-27. Retrieved 2017-09-27.
  6. ↑ Bercovici, Jeff. "What was this bro thinking? Bustle's Bryan Goldberg explains himself". Forbes. Archived from the original on 2017-09-28. Retrieved 2017-09-27.
  7. 1 2 Alpert, Alyson (27 March 2017). "Bustle Turns Political in Latest $12 Million Funding Round". Wall Street Journal. Archived from the original on 2017-09-28. Retrieved 2017-09-27.
  8. ↑ Shontell, Alyson. "Bustle acquires Elite Daily from Daily Mail and rebrands as Bustle Digital Group". Business Insider. Archived from the original on 2017-04-22. Retrieved 2017-09-27.
  9. ↑ Bloomgarden-Smoke, Kara (27 March 2018). "Bustle Digital Group acquires the Zoe Report". Los Angeles Times. Archived from the original on 2018-03-28. Retrieved 2018-03-28.
  10. ↑ Jarvey, Natalie (11 September 2018). "Bustle CEO Bryan Goldberg to Revive Gawker". The Hollywood Reporter. Archived from the original on 2024-08-27. Retrieved 2018-10-11.
  11. ↑ Dotan, Tom. "Mic's Anticipated Sale Price Less Than $10 Million". The Information. Archived from the original on 2019-01-02. Retrieved 2018-11-29.
  12. ↑ Levine, Jon (30 November 2018). "Mic Co-Founders Savaged by Union After Mass Layoffs: 'New Low in Corporate Mendacity'". The Wrap. Archived from the original on 2024-08-27. Retrieved 2018-11-30.
  13. ↑ "Bustle Buys Nylon Magazine Print Relaunch". Archived from the original on 2024-08-27. Retrieved 2020-09-03. Thursday, September 3, 2020
  14. ↑ "Karlie Kloss W Magazine Jason Blum Acquisition". 14 August 2020. Archived from the original on 29 March 2024. Retrieved 3 September 2020. Thursday, September 3, 2020
  15. ↑ "NYC media mogul buys rare Napoleon hat for $1.4 million". 20 November 2021. Archived from the original on 27 August 2024. Retrieved 27 August 2024. Monday, April 4, 2022
  16. ↑ "A Hat That Napoleon Wore During the Battle of Jena Just Sold for $1.4 Million at Sotheby's". 23 September 2021. Archived from the original on 27 August 2024. Retrieved 27 August 2024. Monday, April 4, 2022
  17. ↑ "Digital Media Savior or Crass Opportunist?". The Hollywood Reporter . 15 April 2019. Archived from the original on 1 November 2023. Retrieved 27 August 2024. Thursday, 14 April 2022
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